Tag Archive: tax

Dec 23

Lone Star State: Ring in year with COLA

Many people ring in the new year with Champagne. People who receive Social Security or Supplemental Security Income (SSI) get to ring it in with a COLA. This year, more than 60 million Americans are receiving a 1.5 percent cost of living adjustment (COLA) in their monthly benefit payment. The 1.5 percent COLA begins with …

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Permanent link to this article: http://www.easttexasreview.com/lone-star-state-ring-in-year-with-cola/

Dec 19

Lone Star State: Who’s Afraid of the Alternative Minimum Tax

Year after year, Congress keeps kicking meaningful income tax reform down the road. Consequently, taxpayers continue to be stuck with an archaic, overly complicated mess that pleases no one – except perhaps some tax accountants who charge by the hour. A prime example is the dreaded alternative minimum tax (AMT). Enacted in 1969 to close …

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Permanent link to this article: http://www.easttexasreview.com/lone-star-state-whos-afraid-of-the-alternative-minimum-tax/

Nov 23

Understanding the ‘Kiddie Tax’

For something whose nickname sounds so innocent, the “kiddie tax” certainly can wreak havoc on unprepared taxpayers’ yearly returns. Congress first introduced the kiddie tax as part of the Tax Reform Act of 1986 to discourage wealthy parents from sheltering their investment income in accounts under their children’s names, thereby avoiding paying taxes on the …

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Permanent link to this article: http://www.easttexasreview.com/understanding-the-kiddie-tax-2/

Nov 17

Grand bargain or raw deal? Many elderly

Many elderly Americans are close enough to poverty’s edge that Social Security cuts of any size could push them over the brink.   Following the government shutdown drama, politicians in Washington appear hopelessly divided, according to conventional wisdom. Fair enough. But there’s at least one area where many politicians from both of the major parties …

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Permanent link to this article: http://www.easttexasreview.com/grand-bargain-or-raw-deal-many-elderly/

Nov 14

Kicking off demolition: Transformation to take place

Many people, some living and others dead have waited for a long time to see this day come to Longview-equipping South Longview to become a destination. On Tuesday, Longview Economic Development Corporation (LEDCO) and the City of Longview gathered at the biggest eyesore sight in Longview, the old Holiday Inn on I-20 and Estes Parkway …

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Permanent link to this article: http://www.easttexasreview.com/kicking-off-demolition-transformation-to-take-place/

Nov 02

You won’t love these McSubsidies:Taxpayers will shell out $1.2 billion this year to support workers

    Let us all now bow before the god of free enterprise, whose awesomeness was revealed in a recent news release announcing that the divine managers of fast-food deity McDonald’s achieved a profit of $1.5 billion in just three months this summer. Holy Big Mac! How does Mickey D’s do that? Peek behind the …

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Permanent link to this article: http://www.easttexasreview.com/you-wont-love-these-mcsubsidiestaxpayers-will-shell-out-1-2-billion-this-year-to-support-workers/

Oct 30

Healthcare.gov Glitches are not the biggest problem: Focus needs to be on Texas’ high rate of uninsured and costs to hospitals, privately insured

U.S. Health and Human Services Secretary Kathleen Sebelius testified today before the U.S. House of Representatives Energy & Commerce Committee on the technical problems that have plagued the healthcare.gov open enrollment website since it went online on Oct. 1. While addressing these problems is important, the intense focus on the flawed website distracts from the …

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Permanent link to this article: http://www.easttexasreview.com/healthcare-gov-glitches-are-not-the-biggest-problem-focus-needs-to-be-on-texas-high-rate-of-uninsured-and-costs-to-hospitals-privately-insured/

Oct 29

Tax deduction: moving expenses

Whether you’re relocating across town or across the country, moving is expensive. By the time you’ve paid to have your household goods packed and moved, cancelled and reconnected utilities and racked up storage fees, you could easily be out thousands of dollars. Many people don’t realize that if they’re moving to start a new job, …

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Permanent link to this article: http://www.easttexasreview.com/tax-deduction-moving-expenses/

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